Bunch of rights issues in the market for a while

After the disaster of mega IPO One 97 (PayTM) listing investors lost over Rs. 35000 cr. in a single day post debut of this issue, the primary market is perhaps back to square 1 as the greed of merchant bankers and promoters are prime for such failure. Despite SEBI's frequent warnings, nothing is done in this regard. It is now high time that SEBI takes reins in their hand and design rule frame for a loss-making company's maiden float.

While we have no new IPO in the market, for this week we have five rights issues planning to raise around Rs. 2100 cr. from the market. While there are two SME companies, others are from mainboard companies. The front runner on this bandwagon is The India Hotels, NXTDIGITAL and Bharat Gears.

One can glance at my reviews on all the five rights issues on the following links:

https://www.chittorgarh.com/rights-issue-review/anuroop-packaging-rights-issue/3182/

https://www.chittorgarh.com/rights-issue-review/bharat-gears-rights-issue/3183/

https://www.chittorgarh.com/rights-issue-review/swiss-military-rights-issue/3184/

https://www.chittorgarh.com/rights-issue-review/indian-hotels-rights-issue/3185/

and

https://www.chittorgarh.com/rights-issue-review/hkg-rights-issue/3186/

So friends, take a view and then decide on your investing against the eligibility of your portion of the rights issue.